Vanguard Group Discloses Position in Smith (DS) plc

The Vanguard Group, Inc. has announced its position in Smith (DS) plc under Rule 8.3 of the Takeover Code. The disclosure confirms Vanguard's interest in relevant securities representing 1% or more.

Vanguard reveals its ownership and control of 62,117,990 ordinary shares of 10p, equivalent to a 4.50% stake in Smith (DS). Additionally, Vanguard has made other related disclosures involving International Paper Company.

The disclosure follows the recent purchase of 23,465 ordinary shares at a price of 3.61 GBP per unit on June 10, 2024. No cash-settled or stock-settled derivatives, nor any agreements related to new securities, were disclosed.

No indemnity or option arrangements were indicated, and no additional agreements or understandings regarding options or derivatives were reported. The disclosure was made on June 11, 2024, with Shawn Acker as the contact point.